Schroder Investment Management Group lowered its stake in shares of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) by 47.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,600 shares of the company’s stock after selling 173,000 shares during the period. Schroder Investment Management Group owned 0.10% of Blue Buffalo Pet Products worth $5,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its position in Blue Buffalo Pet Products by 6.5% in the second quarter. Advisor Group Inc. now owns 4,513 shares of the company’s stock worth $103,000 after purchasing an additional 277 shares during the last quarter. First Trust Advisors LP increased its position in Blue Buffalo Pet Products by 6.7% in the third quarter. First Trust Advisors LP now owns 161,443 shares of the company’s stock worth $4,577,000 after purchasing an additional 10,163 shares during the last quarter. Alps Advisors Inc. bought a new stake in Blue Buffalo Pet Products in the third quarter worth $519,000. Alliancebernstein L.P. increased its position in Blue Buffalo Pet Products by 125.5% in the second quarter. Alliancebernstein L.P. now owns 54,207 shares of the company’s stock worth $1,236,000 after purchasing an additional 30,170 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Blue Buffalo Pet Products by 50.8% in the second quarter. Wells Fargo & Company MN now owns 2,133,359 shares of the company’s stock worth $48,662,000 after purchasing an additional 718,438 shares during the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.

BUFF has been the topic of several research reports. J P Morgan Chase & Co boosted their price target on shares of Blue Buffalo Pet Products from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, August 21st. BidaskClub upgraded shares of Blue Buffalo Pet Products from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. Robert W. Baird restated a “hold” rating and issued a $23.00 price target on shares of Blue Buffalo Pet Products in a research report on Friday, September 1st. Gabelli assumed coverage on shares of Blue Buffalo Pet Products in a research report on Wednesday, September 6th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Blue Buffalo Pet Products in a research report on Wednesday, September 13th. They set a “market perform” rating and a $29.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.36.

In other news, insider William W. Bishop, Jr. sold 21,200 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $28.58, for a total transaction of $605,896.00. Following the completion of the sale, the insider now directly owns 655,090 shares of the company’s stock, valued at $18,722,472.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William W. Bishop, Jr. sold 21,655 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $28.78, for a total transaction of $623,230.90. The disclosure for this sale can be found here. Insiders have sold 67,235 shares of company stock worth $1,969,071 in the last quarter. Company insiders own 7.70% of the company’s stock.

Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF) opened at $31.95 on Monday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 3.62 and a current ratio of 4.22. Blue Buffalo Pet Products, Inc. has a 1 year low of $21.51 and a 1 year high of $32.48. The firm has a market cap of $6,240.00 and a price-to-earnings ratio of 35.90.

Blue Buffalo Pet Products (NASDAQ:BUFF) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Blue Buffalo Pet Products had a net margin of 14.17% and a return on equity of 86.23%. The business had revenue of $340.85 million for the quarter, compared to analysts’ expectations of $323.05 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year. equities research analysts expect that Blue Buffalo Pet Products, Inc. will post 0.91 EPS for the current fiscal year.

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Blue Buffalo Pet Products Company Profile

Blue Buffalo Pet Products, Inc (BBPP) is a holding company. The Company operates as a pet food company. The Company, through its subsidiaries, develops, produces, markets and sells pet food under product lines, including BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.

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Institutional Ownership by Quarter for Blue Buffalo Pet Products (NASDAQ:BUFF)

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